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20121211
20121211
Search Results 0 to 16 of about 17 (some duplicates have been removed)
about the contrast between the u.k. and the united states which i think is revealing, and some world's about -- words about challenges facing the world economy which is more important than those facing individual countries alone. the united kingdom was hit very badly by the financial crisis. total gdp fell by 6% between the peak at the beginning of 2008 and the trough in the second quarter of 2009. output still remains 3% below the peak level. and more than 15% below levels that output would have reached have the long run average growth rate merely continued. on top of that, the inflation rate has been a 2% target. and in the wake of the financial crisis, the budget deficit reached a level of 11% of gdp, a good part of that being structural. we have serious problems to contend with when trying to put in place an economic recovery program in 2009-2010. it was clear at that point that the u.k. needed a major rebalancing of our economy. the shift of spending away from consumption, private and public and toward the net exports whether exports or production to compete with imports. the st
export performance, creating jobs in the manufacturing sector. but germany and the uk need europe to improve. >> it comes at an inkrd eblly high cost in terms of the number of people out of work. what has been done? how much have we destroyed so that the jobs outlook and growth prospect in this country? >> well, what growth prospect in the southern european countries? we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass of long-term, especially youth unemployed that is going to give us a problem when the economies eventually start to get into balance and start to pick up. we still have this issue, even though we have tens of millions of people out of work, we still can't find the right skills and the right time. >> you mentioned the uk. the unemployment picture never got that bad in britain. so what happens now? why did it outperform? >> the uk is so different from the rest of europe. we've got london, the financial services sector, that didn't actually, in terms of job numbers, get hit as hard as the rest of eu
is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes." they were rubber stamping transfers and one economic it any of an e-mail said "what is this, the school of low ex
on the royal phone prank in the u.k. radio station has taken the two d.j.s off the air who called the hospital where princess kate was being treated. they duped nurses to thinking they were the queen and prince charles. the nurse who put through their call, her name was saldana found dead of apparent suicide on friday. though they have not released the cause of death. today we are hearing from the first time from the two d.j.s, mel and michael on the death. >> it was never meant to go that far. it was meant to be a silly prank that so many people have done before. this wasn't meant to happen. gone over this a million times in my head that i want to reach out to them and give them a big hug and say sorry. i hope they're okay. it really do. >> what is important right now is that the family and we hope they are doing okay and get the love and support that they deserve and need right now. personally, i'm -- >> dana: police in the u.k. contacted authorities in australia. could they face charges for this? kimberly, we talked in the break. we don't see what the charge could be. >> kimberly: it's too
over to the delta brand. this is all about increasing its exposure into the uk market, specifically the slots at heathrow. those remain the crown jewel in terms of the airline business going over to europe. if you have access to those slots, it's a much easier way to become profitable or increase your profits over in europe. by the way, there are 31 daily flights between the uk and north america. we'll find out exactly what happens in terms of frequent flier redemption possibilities between delta and virgin atlantic. remember, virgin atlantic is not part of any global alliance, not part of the sky team alliance, although many wonder if that's going to change with some time. take a look at shares of delta. richard anderson has had a nice little move here. some people would say, listen, this is all about jet fuel as it has moderated. there's something else at play here. we'll be talking with richard anderson about this at 11:40, first on cnbc. we'll talk to him after the press conference announcing this deal. you don't want to miss what he has to say. this is a ceo, and we've talked a
in virgin. fill lebeau, what does it mean for both? >> for both? delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a lower bid to cover they have to go back to february. if you look at direct bidding at 24.8, that is a record. that's almost twice 13%. if you look at indirect bids it's almost exactly the opposite. 22.9 well below 32% auction average and lowest since may of '07. we walk away thinking not so great. now that yield i mentioned, .327 is a record all-time low yield for the threes. after i sypher all that we come up with an average and look forward to $21 billion, ten years, early auction because of the fed decision. back to you, tyler. >> rick
over evidence to authorities in us us and uk for investigation. also, $1.9 pillin in an prosecution agreement settling u.s. probes of money laundering tied to europe's largest banks. surss say that would make it the largest foriture ever by a bank. in a agreement, prosecutors allow a target to avoid prosecution by meeting certain conditions, including payment of fines or penalties. stocks closing high yes, better than expected. Ãalso all pulling in. and square is now offering digital gift cards just in time for the holiday season, users will be able to buy gift cards to merchants that use square through the app. the companies expected to process $10 billion in transactions this year. in san francisco, larry, carolyn, back to you. >> thank you weather. news upper mid west digging out from a major blizzard. a storm dropped well over a foot of snow and was the worst storm to hit the minneapolis st. paul area. hundreds of car accidents have been reported and conditions shutting down major highways. the storm is losing power. >> we have opposite conditions here. it's warm. >> beautiful
in the uk. for the first time they're speaking out. they pranked hospital where kate medal torn was admitted for morning sickness. they tricked a nurse into thinking they were prince charles and queen elizabeth. then the deejays got transferred to a colleague who gave them a live medical update on the air. that nurse committed suicide. the deejays are off the air. they gave this interview to an australian television station. listen. >> when you heard the dreadful results following the days after the prank, describe to be how it impacted you. can you remember the words? can you remember physically how you felt? >> unfortunately i remember that moment very well, because i haven't stopped thinking about it since it happened. the question was, was she a mother? >> when you found out that she was, with two children, how -- >> very sorry and saddened for the family. can't imagine what they're going through. >> what about you, michael? >> gutted. you know, shattered, heartbroken. >> does it even feel real to you, what's happened? >> we're still trying to get our heads around everything, you know, t
in the uk where they're out of power for a long time was that they realized they couldn't be the mean party anymore. and the danger for republicans as heart felt as it may be for them to worry about deficits and the survival of this country's economy and the federal government, as meaningful as that is for them, if they're only the party of cuts then they do not speak to the aspirations of the people they want to vote for them. that's why they pull the stunt bs about voter i.d. and anything else. they are deeply offensive and against everything this country stands for in terms of democratic rights. but they actually need to move beyond an agenda of looking tough and sounding tough and frankly heartless to many people who richly deserve and need the help of the federal government. >> now, cynthia, gop consultant mike murphy who in "time" magazine and i'm quoting from what he wrote, the republican brand is dying. we repel latinos, the fastest-growing voter group in the country and our nativist opposition to immigration reform that offers a path to citizenship. we repel younger voters who are
trip flights between the the u.k. and north america. direct tv charging $3 more a month for sports network for those who want packages above the lowest tier. the 20 # 13 l.a. dodgers set to have the largest opening day payroll in major league baseball history with a recent report saying the payroll is more than $220 million beating out the previous record held by, yes, 2008's david's new york yankees, and speaking of the yankees, dropping stubhub as the retailer of choice. the refusal to set a price floor for transactions prompted the team to opt out of the deal, and, yes, i blew it. you heard the buzzer. david: oh, you were close. we've seen images of angry protesters in michigan heating up all over michigan, but despite the push back, the house there approved a right-to-work bill that governor rick snyder prepared to sign tomorrow. the governor joining us now from lansing. i know you are busy, seen the video all day, questions on what the law and what it is not, and the president weighed in on his version and i'll play what he says and want your reaction to it. >> what we shouldn
. studies are showing that september 16, at least in the uk, is the most popular birthday. when you trace it back 40 weeks, because that's how long the gestation of a pregnancy is, december 11. more babies will be conceived today than any other day this year, according to new research. it's the most popular month for conception, and the ten most popular birthdays in the uk are in september. they say winter is the more fertile season. we're in better moods, all the winter parties. apparently, there's a physiological effect on your swimmers. apparently your swimmers, sperm quality is higher in the cold. i did not know that. >> really? i would have thought the exact opposite. >> my daughter was conceived right about this time. five years ago. >> you said you wanted more kids. what's on your calendar today? >> not happening. not this year. >> i respect that. >>> weed has been in the news a lot over the past few weeks with all the political stuff going on and approving marijuana. two students at the university of colorado took advantage of bringing food in. so they brought pot brownies to thei
with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of helping transfer billions formations like iran doing business with firms linked to terrorism and also enabling mexican drug cartels to move money illegally through u.s. subsidiaries. >> considering that, that sounds low, $2 mibillion for helping mexican drug cartels and terrorists out of iran? >>> and asia asending, the west in decline. 300 years of the west rising is reversing. american intelligence agencies are preparing this report that they do every four years for incoming administration. the world undergoing tectonic shifts, comparable to the french revolution and industrial revolution, but
in case. tests beginning in the uk for the first unmanned airplane flights. called jet stream. won't be carrying any passengers for now. >> i would say that's a good idea. >> think about it driverless cars. if you can have the car talk to the computer and the gps, satellite and program the coordinates and all pretty standard and clear, you can control congestion and the like. a lot of companies, including the agriculture companies, working on tractors and such have wen working on this a long, long time. >> can they drive stick? >> i don't know. that's a really john berman question. >> seems spooky to me. >> and glitches, right? always seeing glitches in technology. that's worry some. >> a lot of glitches in human driving. >> that's true. >>> 19 minutes past the hour right now the big bucks in the board room aren't what they used to be. the latest pay trend in corporate america, coming up. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choos
the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking with delta ceo richard anderson, and "squawk on the street" a little later on this morning. but this is a big deal in terms of what's happening with the airlines, and that international consolidation that we've all been expecting. guys, back to you. >> before you go, real quick. how much is this going to really impact delta, singapore air, which had this stake, was unhappy ultimately, because they didn't have the control that they really needed. or thought that they needed. >> i think richard anderson believes he will have the control. also singapore airlines, many believe that it did not utilize the access to heathrow as effectively as delta will be able to in terms of flights between north america, and heathrow. so
if any laws were broken. >> who knows what the laws in australia and u.k. are? when i listen to those ryan roses things and that's happening live. i don't think they're getting anybody's permission to do anything. >> gretchen: you're a standup comedienne as well. >> my comedy -- i'm not a mean comic. i think if i make fun of anybody, it's myself most of the time. and i think you never know how people going to react when you're cruel. my father always said this, you never know what's going on behind somebody's eyes. and you tonight. you don't know what they've come into a room with. so look, a million times we've predicted the end of iron glee this country. i don't think this is the end of anything in this country. there are always people who are willing to go to extremes to get a laugh. i hope people will consider the possibility of what the results might be. this is something that will probably never happen again. it is a unique, unusual, very singular occurrence. >> eric: you're going to be on "glee"? >> i'm going to be on "glee"! i'm super excited. ryan murphy is an incredible tale
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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